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“Don’t forget to max out your 401k – it’s free money!” “I lost 4% on Apple today.” “Mutual funds have proven to give great returns.” “The average American saves about 5% of their income.”

It’s likely that you’ve heard at least something like the above. When you hear things like that, how much of it do you actually understand? Most people have received little, if any, schooling on these kinds of financial topics.

It could be that school systems don’t believe that it is their responsibility to teach personal finance. Or, because education budgets are shrinking, finance has continued to become a lower priority topic. Maybe schools assume that parents are teaching their kids about finance because it’s an issue in every single person’s life.

Who knows, the government might be trying to keep everyone financially illiterate so people spend more and then must also pay more in taxes (conspiracy theory, but hey, anything is possible).

At this point, it doesn’t matter why you haven’t had an opportunity to learn the topic. What does matter is that you learn it ASAP.

I’m sure you’ve heard of bankruptcy, and even if you don’t know exactly what it is, you know it’s bad. How does a 50 year career and barely being able to afford anything in retirement sound? Not so great, either.

Mike Tyson made over $300 million in his boxing career… and then lost it all. Don’t be like Mike.

Problems like these are all too common because people don’t fully understand what they’re doing. Obviously nobody wants either of these to occur, but somehow they regularly continue to happen to even the smartest and richest people.

Because we’re never taught these topics, it’s difficult to know how to avoid them. All we see is people around us spending huge amounts of money on nice things. We all want a piece of that action.

The world today has an issue with spending. People see nice new things and think only of the short-term benefits, which hurts them in the long run. Instant gratification overrules delayed gratification, even if delayed gives much better results.

If you can begin to understand how your personal finances work and can take control of them, you will be at a huge advantage in the future.

Without studying finance, you wouldn’t know that you have the ability to retire in 10 years without winning the lottery. Or that if you invest $100 today, it will probably grow to around $500 in 20 years and to more than $2,000 in 40 years.

You just need to know what you’re doing. That’s what Financial Fanny Pack is here for.

I want you to understand what you’re doing with your money, and then what your money can do for you. I want you to retire early if that’s your dream. I want you to quit the job you hate and not have to worry about paying bills. I want you to have control over your financial future.

Get ready to fill your fanny pack with the tools that will help you achieve your financial goals.